Section 1434. Partial payment of taxes

1. Notwithstanding any provision of
  this article to the contrary, the board of trustees of any  village  may
  by  resolution determine to collect taxes in two installments. If such a
  resolution is adopted, the first installment shall be collected  at  the
  time,  in  the  manner  and  subject  to the same interest specified and
  provided for in this article, or pursuant to the provisions thereof, for
  the collection of taxes, and the second installment in like  manner  and
  subject  to the same interest.  The particular dates and times specified
  in this article or pursuant thereto as governing the collection  of  the
  first installment shall govern the collection of the second installment,
  except that they shall be corresponding dates and times as determined by
  resolution of the board of trustees.
    2.  If  such  resolution  be  adopted  as  provided in subdivision one
  hereof, the said board of trustees of  any  village  may  by  resolution
  further  provide  that the second installment may be paid in full at the
  same time as the first installment, and that on such advance  payment  a
  discount  will be allowed from such date of payment to the date when the
  said second installment is due and payable, at a rate not to exceed  two
  per centum per annum.